Nonprofit · EIN 42-0519838
NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE
Tax-exempt · HARLAN, IA 51537
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $21,471,271 | $20,392,982 | $1,078,289 | $54,674,454 | $24,223,199 | $30,451,255 |
| December 31, 2023 | 990 | $20,092,919 | $18,882,512 | $1,210,407 | $52,850,954 | $24,736,605 | $28,114,349 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $21,439,449
- Investment income
- $40,970
- Net gain from sales of assets
- -$5,853
- Net income from sales of inventory
- -$9,148
- Other revenue
- -$9,148
Expenses
- Grants and similar amounts paid
- $7,873
- Benefits paid to members
- $1,562,785
- Compensation of officers, directors and key employees
- $173,157
- Other salaries and wages
- $847,496
- Salaries, compensation and benefits (total)
- $1,377,094
- Professional fundraising fees
- $0
- Legal fees
- $7,978
- Accounting fees
- $16,100
- Depreciation
- $1,774,545
Balance sheet and other
- Total assets, start of year
- $52,850,954
- Total assets, end of year
- $54,674,454
- Total liabilities, end of year
- $24,223,199
- Net assets, end of year
- $30,451,255
- Land, buildings and equipment
- $39,595,179
- Gross receipts
- $21,655,579
- Employees
- 19
- Volunteers
- 0
- Year formed
- 1936
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID MONSON | MATERIALS COORDINATOR/FOREMAN Highest-paid employee | 45.98 | $127,759 | $55,553 |
| KERT BARNUM | DIRECTOR OF OPERATIONS Highest-paid employee | 49.13 | $128,089 | $47,236 |
| AARON NIPPERT | FOREMAN Highest-paid employee | 42.77 | $113,774 | $47,511 |
| DILLON CLARK | JOURNEYMAN Highest-paid employee | 45.11 | $113,586 | $44,944 |
| JACOB COOK | JOURNEYMAN Highest-paid employee | 45.11 | $114,519 | $37,538 |
| KARA MEINERS | MANAGER OF ADMINISTRATIVE SERVICES Officer | 43.76 | $84,381 | $44,731 |
| DONNA OLSON | PRESIDENT Trustee or director, Officer | 8.81 | $8,625 | $0 |
| GENE KENKEL | VICE-PRESIDENT Trustee or director, Officer | 2.83 | $5,050 | $0 |
| DAVID APPLEGATE | DIRECTOR Trustee or director | 2 | $4,625 | $0 |
| BRYAN GREVE | SECRETARY-TREASURER Trustee or director, Officer | 2.12 | $4,400 | $0 |
| THOMAS PATTEE | DIRECTOR Trustee or director | 3.05 | $4,200 | $0 |
| DARRELL STAMP | DIRECTOR Trustee or director | 2.48 | $4,125 | $0 |
| GALEN GRABILL | DIRECTOR Trustee or director | 1.96 | $3,425 | $0 |
| WILLIAM MCKIM | CEO Officer | 18.08 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KERT BARNUM | DIRECTOR OF OPERATIONS Highest-paid employee | 47.3 | $125,422 | $43,734 |
| DAVID MONSON | MATERIAL COORDINATOR/FOREMAN Highest-paid employee | 43.1 | $110,856 | $53,554 |
| AARON NIPPERT | FOREMAN Highest-paid employee | 41.9 | $106,418 | $46,307 |
| JESSE LEE | FOREMAN Highest-paid employee | 41.9 | $108,276 | $41,452 |
| DAVID CURREN | FOREMAN Highest-paid employee | 42.8 | $112,098 | $33,382 |
| KARA MEINERS | MANAGER OF ADMINISTRATIVE SERVICES Officer | 45.9 | $83,077 | $48,581 |
| GENE KENKEL | PRESIDENT/VICE PRESIDENT Trustee or director, Officer | 3.4 | $7,425 | $0 |
| DONNA OLSON | VICE PRESIDENT/PRESIDENT Trustee or director, Officer | 6.4 | $6,525 | $0 |
| DARRELL STAMP | DIRECTOR Trustee or director | 2.9 | $4,725 | $0 |
| THOMAS PATTEE | DIRECTOR Trustee or director | 2.9 | $4,725 | $0 |
| DAVID APPLEGATE | DIRECTOR Trustee or director | 2 | $4,725 | $0 |
| GALEN GRABILL | DIRECTOR Trustee or director | 2.1 | $4,500 | $0 |
| BRYAN GREVE | SECRETARY-TREASURER Trustee or director, Officer | 2.1 | $4,275 | $0 |
| WILLIAM MCKIM | CEO Officer | 51.1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 714, HARLAN, IA 51537-0714
- In care of
- % KARA MEINERS
- Principal officer (990 for 2024)
- WILLIAM MCKIM, 1317 CHATBURN AVE PO BOX 714, HARLAN, IA 515370714
- Signed the 990
- WILLIAM MCKIM, CEO
- Phone
- (712) 755-2166
- Website
- NVREC.COM
- Return prepared by
- EIDE BAILLY LLP
Mission
NISHNABOTNA VALLEY REC WILL PROVIDE SAFE AND RELIABLE ELECTRIC SERVICES TO OUR MEMBERS IN A VALUABLE, SUSTAINABLE, AND ENVIRONMENTALLY RESPONSIBLE MANNER.
Program accomplishments
- PROVIDED 214,741,987 KWH OF ELECTRICITY TO APPROXIMATELY 2,561 MEMBERS, WHILE MAINTAINING SYSTEM RELIABILITY AS A WHOLE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0519838
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $54,674,454
- Income (IRS master file)
- $21,655,579
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $21,471,271 | $20,392,982 | $54,674,454 | XML |
| 990 | December 2023 | $20,092,919 | $18,882,512 | $52,850,954 | XML |
| 990 | December 2022 | $18,916,306 | $18,045,521 | $49,225,377 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0519838).
Questions about NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE
- What is the EIN of NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE is 42-0519838.
- Is NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names WILLIAM MCKIM.
- Who are the officers and directors of NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 14 people; 13 received compensation from the organization, the highest $127,759 (DAVID MONSON, MATERIALS COORDINATOR/FOREMAN).
- How much revenue does NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $21,471,271, expenses of $20,392,982 and total assets of $54,674,454 at year end.
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